Thursday, December 15, 2011
Utility rates explained
Yesterday's Tri-City News carried a story about increases in Coquitlam's utility rates, which were compared unfavourably to Port Moody and Port Coquitlam's.
Given that every community is subject to the same increases from Metro Vancouver, the fact our increases were higher than those of our neighbours may surprise many voters.
But there's a good reason for it: Council agreed to set the utility rates based on the five-year average Metro Vancouver increase. This smooths out the impact of the larger water and solid waste increases, levied by Metro, that are going to hit Coquitlam residents in future years.
In fact, it is quite likely that in 2013 our increases will be lower than our neighbours for the simple fact that we took a little more of the impact this year.
Meantime, Vancouver's utility rate hikes this year are even greater than Coquitlam's, according to this story.
Photo from the TriCityNews website.
Posted by Terry O'Neill at 8:02 AM